Sun Valley Lodge FY2023 filing

Tax-deductible

Colorado Spgs, CO501(c)(3)Since 1962EIN 86-0199887Revenue $2.5M in FY2023

On file with the IRSsunvalleylodge.org15475 Gleneagle Dr, 80921-2596 · Colorado Spgs, COTax-exempt since May 1971Publicly supported charity — 170(b)(1)(A)(vi)

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To provide affordable, quality living choices for seniors in a trusting environment.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 6
filings with a surplus
Average deficit $804K a year · 28% of revenue · last 6 filings
Concern: a surplus in 1 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.4 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$325K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
-21% vs prior year
Spent
$4.0M
To programs
82%
Net assets
$5.1M
By yearFY2020–FY2025
Revenue
$2.5M
FY2023▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.6M
FY2021$4.6M
FY2022$3.2M
FY2023$2.5M
FY2024$1.1M
FY2025$1.6M
Expenses
$4.0M
FY2023▼ -7%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.8M
FY2021$4.4M
FY2022$4.3M
FY2023$4.0M
FY2024$2.3M
FY2025$2.5M
Net assets
$5.1M
FY2023▼ -21%
Tap a bar for its year
Net assets by fiscal year
FY2020$8.1M
FY2021$8.3M
FY2022$6.5M
FY2023$5.1M
FY2024$4.0M
FY2025$3.2M

From the FY2023 Form 990 (year ending September 2023) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 1971.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $3.2M Management & general 18% · $720K Fundraising 0% · $15K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
President &
$0Pt VII · Sec A
Vice Chair O
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Assistant Se
$0Pt VII · Sec A
Assistant Se
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2022
Anthony Carrao—$116,121
Dean Kidder—$116,121
Tiarra Wright$104,290—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers affordable, quality housing and a trusting environment for seniors.

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Provided by the organization

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2 programs · $3.2M · in their own filed words · FY2022
01

Assisted living program services are provided to residents in one of the 73 studio or one bedroom apartments. Residents can choose from a number of services to create a package of care that best suits their needs. Sun valley lodge is licensed for assisted living by the arizona department of health services license AL4866C.

$3.0Mprogram expense
02

We offer independent living in our two bedroom garden apartments that includes daily meals, emergency access to our caregivers, around the clock maintenance, and access to all our community amenities and functions.

$200Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$153K
Gifts and grantsLn 1h$12K
Money outPt IX
$4.0M
Ln 25
Programscol B$3.2M
Managementcol C$720K
Fundraisingcol D$15K
Owns and owesPt X
$5.1M
net assets · Ln 32
Cash and savingsLn 1–2$145K
Total assetsLn 16$5.5M
LiabilitiesLn 26$325K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$12K
Fees for servicesLn 2g$2.3M
Investment incomeLn 3$153K
Gains on assetsLn 7$43K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$145K
Cash and savings togetherLn 1–2$145K
InvestmentsLn 11–13$2.4M
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$11K
Total assetsLn 16$5.5M
LiabilitiesLn 26$325K
Net assetsLn 32$5.1M
OperationsPt I, VI
EmployeesI 525
VolunteersI 61
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$60K$145K
InvestmentsLn 11–13$3.9M$2.4M
Land, buildings, equipmentLn 10c$2.7M$2.9M
Total assetsLn 16$6.8M$5.5M
LiabilitiesLn 26$317K$325K
Net assetsLn 32$6.5M$5.1M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$2.1M$1.7M$419K
Other employee benefitsLn 9−$5K−$5K
Payroll taxesLn 10$170K$170K
Investment management feesLn 11f$1K$1K
Advertising and promotionLn 12$15K$15K
InsuranceLn 23$224K$224K
Other expenses (24a–d)Ln 24$1.2M$912K$249K
All other expensesLn 24e$311K$260K$51K
Total functional expensesLn 25$4.0M$3.2M$720K$15K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.6M$2.5M−$974K$3.2M 990 PDF
FY2024 $1.1M$2.3M−$1.2M$4.0M 990 PDF
FY2023 Viewing $2.5M$4.0M−$1.5M$5.1M 990 PDF
FY2022 $3.2M$4.3M−$1.1M$6.5M 990 PDF
FY2021 $4.6M$4.4M$161K$8.3M 990 PDF
FY2020 $4.6M$4.8M−$253K$8.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $2,490,595 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $18,547$11,978
I-9 Program service revenuePrior year $3,023,352$2,325,325
I-10 Investment incomePrior year $120,010$153,292
I-11 Other revenue$0
I-12 Total revenuePrior year $3,161,909$2,490,595
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $2,497,350$2,272,138
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,770,788$1,711,398
I-18 Total expensesPrior year $4,268,138$3,983,536
I-19 Revenue less expensesPrior year −$1,106,229−$1,492,941
Part VI · Governance 10 of 10 board members independent, no flags
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $2,490,595 across 6 lines filed
Lines not itemized here account for $9,699 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$11,978
VIII-1h Total contributions, gifts and grants$11,978
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $2,315,626$2,315,626
VIII-3 Investment incomeExcluded from tax $110,248$110,248
VIII-7 Net gain or loss on sales of assetsRelated to mission $43,044$43,044
VIII-12 Total revenueRelated to mission $43,044 · Excluded from tax $2,435,573$2,490,595
Part IX · Statement of functional expenses $3,983,536 across 8 lines filed
IX-7 Other salaries and wagesPrograms $1,688,194 · Management $419,019$2,107,213
IX-9 Other employee benefitsPrograms −$5,133−$5,133
IX-10 Payroll taxesPrograms $170,058$170,058
IX-11f Investment management feesManagement $1,085$1,085
IX-12 Advertising and promotionFundraising $14,657$14,657
IX-23 InsurancePrograms $223,857$223,857
IX-24 Other expenses (24a–d)Programs $912,005 · Management $248,577$1,160,582
IX-24e All other expensesPrograms $260,009 · Management $51,208$311,217
IX-25 Total functional expensesPrograms $3,248,990 · Management $719,889 · Fundraising $14,657$3,983,536
Part X · Balance sheet $5,456,331 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $59,514$145,083
X-3 Pledges and grants receivable$15,778
X-4 Accounts receivableStart of year $44,639$692
X-8 Inventories for sale or useStart of year $15,187$3,534
X-9 Prepaid expenses and deferred chargesStart of year $14,603$28,954
X-10c Land, buildings and equipment, netStart of year $2,713,892$2,885,109
X-11 Publicly traded securitiesStart of year $3,902,606$2,354,888
X-12 Other securitiesStart of year $11,570$11,570
X-15 Other assetsStart of year $10,723$10,723
X-16 Total assetsStart of year $6,772,734$5,456,331
X-17 Accounts payable and accrued expensesStart of year $87,817$237,899
X-25 Other liabilitiesStart of year $228,797$87,255
X-26 Total liabilitiesStart of year $316,614$325,154
X-27 Net assets without donor restrictionsStart of year $6,085,838$5,131,177
X-32 Total net assets or fund balancesStart of year $6,456,120$5,131,177
X-33 Total liabilities and net assetsStart of year $6,772,734$5,456,331
Part XI · Reconciliation of net assets $5,131,177 net assets at year end
XI-1 Total revenue$2,490,595
XI-2 Total expenses$3,983,536
XI-3 Revenue less expenses−$1,492,941
XI-4 Net assets at start of year$6,456,120
XI-5 Net unrealized gains (losses) on investments$167,998
XI-10 Net assets at end of year$5,131,177

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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